Auto adjusting First Mortgage in a CH 13 Plan
Posted: Fri Jan 29, 2010 8:46 pm
Hard for your clients. Must report drop, increase payments. Prob have to move to amend if payments drop again.
Dennis McGoldrick
350 S. Crenshaw Bl., #A207B
Torrance, CA 90503
On Jan 28, 2010, at 10:03 AM, "shawnswhite" wrote:
Debtors have a mortgage payment of $1972.00. A few weeks after the 341 hearing it will adjust to $1400.00. It will adjust every six months.
How should that be handled with respect to schedule J and the CH 13 plan?
Thanks,
Shawn White
Hard for your clients. Must report drop, increase payments. Prob have to move to amend if payments drop again.Dennis McGoldrick350 S. Crenshaw Bl., #A207BTorrance, CA 90503On Jan 28, 2010, at 10:03 AM, "shawnswhite" <shawn@cabankrupt.com> wrote:
Debtors have a mortgage payment of $1972.00. A few weeks after the 341 hearing it will adjust to $1400.00. It will adjust every six months.
How should that be handled with respect to schedule J and the CH 13 plan?
Thanks,
Shawn White
The post was migrated from Yahoo.